Trend Table for FMAO - Farmers & Merchants Bancorp, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	C	Strong	Up	Up	Down	29.11%
Jul 31	B	Strong	Up	Up	Up	20.85%
Jul 30	B	Strong	Up	Up	Up	23.18%
Jul 29	C	Strong	Up	Up	Flat	25.93%
Jul 26	B	Strong	Up	Up	Up	18.44%
Jul 25	A	Strong	Up	Up	Up	17.94%
Jul 24	A	Strong	Up	Up	Up	22.00%
Jul 23	A	Strong	Up	Up	Up	18.78%
Jul 22	B	Strong	Up	Up	Up	27.72%
Jul 19	B	Strong	Up	Up	Up	33.78%